The National Bank of Ethiopia (NBE) has issued a comprehensive amendment to its Foreign Exchange Regulation (FXD/04/2026), introducing wide-ranging reforms aimed at liberalizing the country’s tightly controlled forex regime, improving liquidity, and easing foreign currency access for businesses, investors, and individuals.
The new directive signals a continued shift toward gradual foreign exchange reform, with expanded powers for banks, greater flexibility for exporters and investors, and strengthened operational capacity for forex bureaus.
Greater Flexibility for Exporters and Service Providers
One of the most significant changes allows service exporters to retain foreign exchange earnings in their retention accounts without any time limit. Previously, exporters were subject to strict timelines for utilizing or surrendering foreign currency.
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